Market snapshot: The Mumbai bench of the National Company Law Tribunal has declared Videocon promoter Venugopal Dhoot bankrupt on a petition filed by State Bank of India. SBI reported total defaulted claims of ₹12,668 crore under invoked personal guarantees.
Data Snapshot
- Total default claim filed by State Bank of India against personal guarantor Venugopal Dhoot stands at ₹12,668 crore as of September 30, 2026.
- Rejected repayment proposal offered ₹600 crore over 36 months backed by a real estate project in Siliguri.
What’s Changed
- Transition from personal insolvency resolution process to formal bankruptcy declaration under the Insolvency and Bankruptcy Code.
- Vesting of promoter bankruptcy estate under court-appointed trustee…